[Adopted 11-30-1970 by L.L. No. 1-1970]
[Last amended 12-21-2009 by L.L. No. 2-2009]
A.
Pursuant to the provisions of § 467 of the
Real Property Tax Law (added by Chapter 616, Laws of 1966), as amended,
real property located in the Village of Groton used exclusively for
residential purposes and owned by one or more persons, each of whom
is 65 years of age or over, or real property owned by a husband and
wife, one of whom is 65 years of age or over, shall, subject to the
further provisions and limitations of this section, be exempt from
taxation by said Village to the extent set forth in the Schedule of
Exemption set forth below. This exemption, however, shall be limited
to such property and persons as meet the conditions, qualifications,
exclusions and limitations set forth in said § 467 of the
Real Property Tax Law and shall be in accordance with and comply with
said section of the Real Property Tax Law, as now adopted and as it
may be amended. No exemption will be granted to any owner whose income
exceeds, or owners whose combined incomes exceed, $37,399.99 per annum
for the income tax year immediately preceding the date of making application
for such exemption. For applicants who qualify for an exemption, the
amount of such exemption shall be based upon the income (or combined
incomes in the case of more than one owner of a property) for the
income tax year immediately preceding the date of making application
for such exemption and shall be in an amount as set forth on the following
schedule:
|
Schedule of Exemption
| |
|---|---|
|
Annual Income
|
Percentage of Assessed Valuation of Property
Subject to Exemption
|
|
Up to $29,000.00
|
50%
|
|
$29,000.01 to $30,000.00
|
45%
|
|
$30,000.01 to $31,000.00
|
40%
|
|
$31,000.01 to $32,000.00
|
35%
|
|
$32,000.01 to $32,900.00
|
30%
|
|
$32,900.01 to $33,800.00
|
25%
|
|
$33,800.01 to $34,700.00
|
20%
|
|
$34,700.01 to $35,600.00
|
15%
|
|
$35,600.01 to $36,500.00
|
10%
|
|
$36,500.01 to $37,400.00
|
5%
|
B.
All other provisions of § 467 of the Real
Property Tax Law shall be applicable in the application for and granting
of such exemption. A copy of § 467 of the Real Property
Tax Law, as the same may be amended from time to time, shall be available
for inspection by the public at the office of the Village Clerk.
[Amended 12-10-1990 by L.L. No. 2-1990]
Applications for such exemption must be made
by the owner or all of the owners of the property on forms to be furnished
by the Tompkins County Division of Assessment and shall furnish the
information and be executed in the manner required or prescribed in
such forms and shall be filed in such office on or before the appropriate
taxable status date.
Any conviction of having made any willful false
statement in the application for such exemption shall be punishable
by a fine of not more than $100 and shall disqualify the application
or applicants from further exemption for a period of five years.
